March 22, 2017/InvestmentOne Research

Stanbic released its Q4 2016 results earlier today.

Please find key highlights of the Q4 2016 results below:

·         Net interest income of N18.8bn, up +15.6% q/q; +71.7% y/y

·         Profit before tax of N11.5bn, up +4.1% q/q; +39.1% y/y

·         Profit after tax of N8.4bn, down -15.4% q/q; up +57.0% y/y

The bank proposed a final dividend of 5kobo per share representing a dividend yield of c.0.3% based on today’s close price.